Earned Value (EV)- Earned Value is a metric used to assess the financial performance of a project during the project execution phase. EV compares the planned value (what budget was planned) with the actual work completed. By examining EV, the project manager can ensure the project stays on course with the value it's expected to produce based on the work completed.
Effort Estimation Techniques- These are various techniques a project manager can use to determine the length of a task. By doing so, the project manager can ensure an appropriate project schedule is laid out, ensure adequate float time is baked in, and ensure the project team has the necessary resources. Techniques include expert judgment, analogous estimation, parametric estimation, and three-point estimation . Optimize task scheduling and resource planning with implementation strategies from Elevate Blueprint.
Emotional Intelligence (EI)- Emotional Intelligence is the ability of project managers to efficiently manage their and others’ emotions. By doing so, project managers build and strengthen team and stakeholder relationships and can better navigate the complexities found during the project lifecycle.
Enterprise Environmental Factors (EEFs)- Enterprise Environmental Factors are the factors outside of the project team that influence the project. These factors can include external elements like industry standards, regulations, or market conditions, as well as internal factors such as governance, technology, or organizational constraints. Understanding these constraints helps project managers create more effective project plans. Address external and internal project influences with tailored operational solutions from Elevate Optimize.
Enterprise Risk Management- Enterprise Risk Management is a formal, higher-level risk management process than project risk management. It involves identifying, interpreting, and mitigating risks that impact the organization’s strategy and key performance indicators. This approach provides a holistic view of risks affecting projects, programs, and portfolios. Build a robust risk management framework with strategic insights from Elevate Vision.
Epics- Epics are groupings of user stories managed together rather than as independent user stories. They are usually related to a feature or project and span multiple sprints.
Escalation Process- The Escalation Process defines how project managers or leaders can raise concerns, including risks or issues, to the executive sponsor or stakeholders to get guidance or decisions. This process can involve multiple tiers, escalating concerns to higher levels if unresolved. Strengthen governance and issue management with customized escalation frameworks from Elevate Insights.
Estimate at Completion (EAC)- Estimate at Completion is a financial metric used to project the total cost of a project upon closure. It helps project managers evaluate ROI during both planning and execution phases. Evaluate and adjust project budgets with financial planning tools from Elevate Metrics.
Executive Sponsor- The Executive Sponsor is the accountable executive for the project’s success. They approve the charter, resolve escalated issues, and advocate for the project team with other executives.
Executive Summary- The Executive Summary is a concise overview that highlights the key points and asks of a report or situation. It’s designed for executives and stakeholders to quickly grasp the main message. Communicate effectively with tailored reporting frameworks from Elevate Insights.
Expert Judgment Technique- This technique involves using subject matter experts to create estimates, risk mitigation plans, issue resolutions, and cost assessments. Leverage expert insights with operational optimization strategies from Elevate Optimize.
Expert Power- Expert Power is the influence that subject matter experts have over decisions or parts of the project plan due to their expertise. Harness expert knowledge with collaborative strategies from Elevate Drive.
External Dependency- External Dependency occurs when a project relies on factors outside its control. Identifying and managing these dependencies is crucial for mitigating risks. Mitigate risks and manage dependencies effectively with integration roadmaps from Elevate Integrate.
External Stakeholder- External Stakeholders, also known as extended team members, are individuals outside the core project team who have an interest in the project’s outcomes. Improve external collaboration and stakeholder engagement with actionable strategies from Elevate Engage.
Extended Team- The Extended Team includes cross-functional members who assist in planning, execution, and change management.
Final Thoughts
Whether you’re improving quality management, refining risk strategies, or optimizing workflows, having the right tools is essential. Take the next step toward success by exploring our Elevate Product Line to find the right fit for your project management needs!